Here is the latest report that Nokia, Finnish phone manufacturer have recently announced that they’ll going to cutoff 10,000 jobs by the end of 2013.
Actually, Nokia is looking to offer wide range of Windows Phone because for many years they had sell symbian based and now they’re looking to provide Microsoft’s Windows OS for its present and upcoming smartphones.
According to Reuters, Nokia, whose cash position is increasingly scrutinized by investors, also said restructuring-related cash outflows would be around 650 million euros in the remaining three quarters of 2012 and around 600 million in 2013.
Nokia’s Chief Executive Officer Stephen Elop is going to shutdown 10,000 member of its company by the end of 2013, But Lumia sales have so far been slow, exasperating investors who have seen its stock crash more than 70 percent since it announced the software switch in February 2011.
In a statement Stephen said “These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia’s long-term competitive strength,”
“We do not make plans that may impact our employees lightly, and as a company we will work tirelessly to ensure that those at risk are offered the support, options and advice necessary to find new opportunities.”